Business
MONTAGUE INTERNATIONAL HOLDING LTD. (MIHL) ANNOUNCES NEW ACQUISITION
MONTAGUE INTERNATIONAL HOLDING LTD. (MIHL) ANNOUNCES NEW ACQUISITION.
About this update from Montague International Holding Ltd
[{"type":"text","content":"October 9, 2012, Philadelphia PA - MIHL had announced today the signing of a Letter of Intent to acquire 50% ownership in Sociedad Minera Baya of Lima Peru. Minera Baya owns and operates a gold mining project known as “El Rihon Prohiboto” in Peru with proven reserves of approximately 950 kilos of gold and significant potential of reserves that are yet to be The deal is expected to close in 4th Quarter of 2012 and is valued based on today’s market pricing for gold at approximately US$54 million dollars. According to Mr. Vladislav Popov, Chairman of Minera Baya “We look forward to a close working relationship with Montague International Holding Ltd. in the development of our claim.” Ms. Saltsova, CEO of MIHL, went on to welcome Minera Baya to the MIHL family of companies by adding “Minera Baya is a welcome acquisition by MIHL and is our first step in developing a significant presence in Latin America.” For more information or to schedule an interview please contact us at 215 774 1591 or via email at [email protected] ","length":2898,"tagName":"div"}]